California’s housing market began the 2021 year on a positive note. The state’s favorable trends continued from December into January, as we recorded the highest sales level since 2009. January saw a seasonally annualized rate of 484,730 closed escrow sales for existing, single-family detached homes in California (according to the California Association of R...

• calendar_month February 28, 2021
• category Current Real Estate, RE News
• post Active Listing, Association of Realtors, California, California Housing Market, COVID-19, Median Time of Market, Unsold Inventory Index

The month of July finished off with some slightly lackluster statistics, surprisingly not only in the condo/townhouse market but also in the Single Family Residence (SFR) market as well. After what can only be described as a two-year crush in SFR listing inventory in Los Angeles County, it appears that we could be starting to see supply creep back into the market.  Before we dive...

• calendar_month August 17, 2021
• category Current Real Estate
• post California Housing Market, condo, housing market, Los Angeles Real Estate, Orange County real estate, Town Home Market, Townhouse

  Applications for mortgages to purchase homes plummeted 6.5% last week bringing us to 21% below the rates during the same period in 2021. We haven’t seen demand as low as it is now since 2000. That’s a 22-year low! What does this mean for you? Fair warning: at least 95% of this blog is going to sound like bad news for home affordability. But we promise, if you hold on u...

• calendar_month June 11, 2022
• category Current Real Estate, RE News
• post California Housing Market, housing market, mortgages